A real report on the Latvian real estate market, based on VZD-registered deals.
Older buildings and newer developments don't just cost differently — they also make up very different shares of the total deal count. This chart shows what percentage of all this period's apartment deals happened in each era.
| Building era | % of deals | Deals | Average price | Avg. €/m² |
|---|---|---|---|---|
| Vecbūve (līdz 1945) | 17.9% | 292 | 47087 € | 1052 €/m² |
| Padomju sērijveida (1946–1993) | 67.2% | 1098 | 28759 € | 623 €/m² |
| Jaunā celtne (1994–2014) | 7.5% | 122 | 81924 € | 1718 €/m² |
| Jaunākie projekti (2015+) | 7.4% | 121 | 111304 € | 2438 €/m² |
How it's calculated: the building era is determined by the year VZD registered the building as put into service (not the \"building series\" mentioned in listings — that's available for real transaction data too rarely to base reliable statistics on). Eras: Pre-war — {% trans "līdz 1945. gadam" %}; Soviet-era prefab — 1946–1993 ({% trans "galvenokārt tipveida paneļu un ķieģeļu mājas" %}); New building — 1994–2014; Newest developments — 2015 and later. Percentages are calculated from deals where the building year is known; eras with fewer than 5 deals in the period aren't shown separately.
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Torņakalns | 1764 €/m² | ▲ 34.4% |
| Sarkandaugava | 1062 €/m² | ▲ 26.2% |
| Jugla | 1019 €/m² | ▲ 19.2% |
| Teika | 1583 €/m² | ▲ 18.2% |
| Ķengarags | 847 €/m² | ▲ 14.1% |
| Neighborhood | Avg. €/m² | Change |
|---|---|---|
| Šampēteris-Pleskodāle | 725 €/m² | ▼ -55.2% |
| Maskavas priekšpilsēta | 577 €/m² | ▼ -42.3% |
| Āgenskalns | 1285 €/m² | ▼ -38.6% |
| Ilguciems | 730 €/m² | ▼ -17.6% |
| Čiekurkalns | 1228 €/m² | ▼ -14.2% |
Filter by price, area, room count, neighborhood and building era.
Data from the State Land Service's (VZD, data.gov.lv) open data. Calculations are done automatically, without AI-generated analysis.